604-620 E Grant HWY, Marengo, IL 60152
604-620 E Grant HWY, Marengo, IL 60152
604-620 E Grant HWY, Marengo, IL 60152
44
See all 44 photos
$6,999,970
Est. payment /mo
Save
49,680 SqFt
Active

604-620 E Grant HWY Marengo, IL 60152

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sharie Jackson

Sharie Jackson

+1(708) 231-8901

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 49,680 sqft

Price per Sqft $140

MLS Listing ID 12443014

Maintenance Fees $7,890

Year Built 1978

Annual Tax Amount $56,793

Tax Year 2022

Lot Size 2.420 Acres

Lot Dimensions 217.6X33X90.2X6X88.4X384.3X281.8X383.9

Property Sub-Type Multi Family 5+

Property Description

**Exceptional Investment Opportunity!** This 100% occupied apartment complex offers stable performance, a strong base of long-term tenants, and substantial upside for future income growth. The property consists of two garden-style, two-story buildings totaling 48 units, including 36 two-bedroom apartments and 12 one-bedroom apartments, each with separate utilities. Major capital improvements include a newer roof (2019), new windows, patio doors, siding, gutters, and fascia (2023), along with new front entrance doors (2026). The laundry room has also been completely remodeled and offers the capacity to install six new washers and dryers. Current income does not include any laundry revenue, creating an immediate opportunity to generate an additional income stream once the machines become operational. Additional features include 85 paved parking spaces and excellent potential for a future condominium conversion. With full occupancy, valuable recent improvements, multiple opportunities to increase revenue, and returns that stand out in today's market, this exceptional income-producing asset is truly an investor's dream. Don't miss this rare opportunity to acquire a well-positioned multifamily property with significant growth potential!

Location

State IL

County Mchenry

Area Harmony / Marengo

Zoning MULTI

Rooms

Basement None

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Structure Type Brick,Block

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Basel Tarabein of  RE/MAX At Home 

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Sharie Jackson

Sharie Jackson

Realtor License ID: 475.180534

+1(708) 231-8901

Name
Phone*
Message
By checking this box, and clicking “SUBMIT,” I am confirming that I have read and agree to this website’s Privacy Policy and Terms of Service and I am providing my electronic signature and consent to receive marketing communications (about real estate brokerage services, and one or more properties that I may buy, sell, or rent), that may be delivered to me via email, telephone call and/or text messaging (using “automated technology” such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate agents, and/or its affiliates at the telephone number and email address I provided. Message frequency varies and message and data rates may apply. Consent is not a condition of purchase. You may opt-out at any time by replying “STOP” to a text or “HELP” for assistance or unsubscribing via email. You may call to obtain direct assistance.

Go tour this home

604-620 E Grant HWY

};